Changes are in the air at the Tokyo operations of Deutsche Securities with the appointment of Henry Ritchotte as head of global markets, Japan. From August 17, Ritchotte has taken on the role vacated by Eiji Nakai, head of global markets, Japan.

Nakai held the job from 2000 and his new path remains unknown.

Ritchotte, a fluent Japanese speaker, has spent almost 10 years with Deutsche Bank. He first joined the German firm in 1995 based in London and has served as a founder member of its global relative value group. In this standing, Ritchotte was highly active in developing global markets distribution capabilities in derivatives and constructing the business's hedge fund platform.

In 2001, the bank sent him to the East as the Singapore-based head of global markets sales for Asia.

Following this posting, Ritchotte relocated to Deutsche Securities in March 2004 and took on the role as deputy head of global markets, Japan. In this role, he was assigned a mandate to reinforce its global markets sales function, with particular emphasis on providing clients with tailor-made solutions to complement a wide array of financial needs. In this role he has also been developing client businesses across both origination and distribution.

"As the Japanese economy recovers and business confidence returns, we foresee growing and diversifying needs and business opportunities for fixed-income products and services," comments John Macfarlane, Deutsche Securities Japan branch manager. "Under the new leadership of Ritchotte, we aim to aggressively grow our global markets franchise by continuing to help Japanese companies and financial institutions meet their investment and risk management objectives."